NVIDIA (NASDAQ:NVDA) Now Covered by Evercore ISI

Equities research analysts at Evercore ISI assumed coverage on shares of NVIDIA (NASDAQ:NVDA) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The firm set an “outperform” rating and a $1,160.00 price target on the computer hardware maker’s stock. Evercore ISI’s price target points to a potential upside of 38.04% from the company’s current price.

A number of other equities analysts have also commented on NVDA. HSBC raised their price objective on shares of NVIDIA from $880.00 to $1,050.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a research report on Wednesday, March 20th. Argus raised their price objective on shares of NVIDIA from $850.00 to $950.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Wolfe Research raised their price objective on shares of NVIDIA from $630.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Finally, Needham & Company LLC raised their price objective on shares of NVIDIA from $600.00 to $850.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Four analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $940.30.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $840.35 on Tuesday. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $2.10 trillion, a PE ratio of 70.38, a P/E/G ratio of 1.24 and a beta of 1.73. NVIDIA has a twelve month low of $262.25 and a twelve month high of $974.00. The company has a 50-day moving average price of $840.89 and a two-hundred day moving average price of $618.47.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. The firm had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company’s quarterly revenue was up 265.3% on a year-over-year basis. During the same quarter last year, the business earned $0.65 earnings per share. Equities analysts forecast that NVIDIA will post 22.45 EPS for the current year.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the transaction, the director now owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the business’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the transaction, the director now owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the sale, the insider now directly owns 49,815 shares of the company’s stock, valued at approximately $45,412,350.30. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock valued at $52,689,898 in the last quarter. 3.99% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Strata Wealth Advisors LLC grew its stake in shares of NVIDIA by 4.7% during the 1st quarter. Strata Wealth Advisors LLC now owns 1,592 shares of the computer hardware maker’s stock valued at $1,438,000 after acquiring an additional 72 shares during the period. Sandy Cove Advisors LLC boosted its stake in NVIDIA by 5.4% in the 1st quarter. Sandy Cove Advisors LLC now owns 1,765 shares of the computer hardware maker’s stock worth $1,595,000 after purchasing an additional 90 shares during the period. Dumont & Blake Investment Advisors LLC boosted its stake in NVIDIA by 6.4% in the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 1,424 shares of the computer hardware maker’s stock worth $1,287,000 after purchasing an additional 86 shares during the period. D.B. Root & Company LLC boosted its stake in NVIDIA by 22.7% in the 1st quarter. D.B. Root & Company LLC now owns 2,230 shares of the computer hardware maker’s stock worth $2,015,000 after purchasing an additional 412 shares during the period. Finally, Trilogy Capital Inc. boosted its stake in NVIDIA by 87.2% in the 1st quarter. Trilogy Capital Inc. now owns 1,084 shares of the computer hardware maker’s stock worth $979,000 after purchasing an additional 505 shares during the period. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.